Assistance Listing 59.062
Intermediary Loan Program
SMALL BUSINESS ADMINISTRATION
Assistance Listing 59.062, “Intermediary Loan Program,” is a federal program administered by SMALL BUSINESS ADMINISTRATION. It provides direct loan assistance. GrantsJunction currently tracks 0 open, 0 forecasted and 0 closed opportunities under this listing.
- Not a competitive grantThis program provides direct loan rather than competitive grants. There is usually no grant application to submit. calculated by GrantsJunction
Program objective
Three year pilot program in which SBA made direct loans of up to $1 million at an interest rate of 1 percent to up to 20 nonprofit lending intermediaries each year, subject to the availability of funds. Term of ILP loans is for a maximum period of 20 years with deferred payments for the first two years. Intermediaries use the ILP loan funds to make loans of up to $200,000 to startup, newly established, or growing small business concerns. No small business (including affiliates) may have more than $200,000 outstanding under this program at one time.
As published in the SAM.gov Assistance Listing.
Current opportunities under 59.062
No open or forecasted opportunities are currently posted under this listing. Programs often post notices on an annual cycle — see recently closed opportunities below for timing.
Eligible applicants (program level)
- Small Business Person
Applicants to the pilot program were required to be a private nonprofit entity with not less than one year of experience of making loans to startups, newly established or growing small businesses. The applicant must have directly funded the loans and not simply provided referrals to loans made by another entity. If an applicant is made up of a consortium of organizations, each member of the consortium must be individually eligible. Intermediaries that participate in SBA's microloan program were not eligible to become ILP intermediaries. However, affiliates of microloan intermediaries may have applied. Refer to Federal Register Notice Vol. 76, No. 63, dated Friday, April 1, 2011 starting on page 18007 for additional information.
Intended beneficiaries: Small Business Person.
Program-level eligibility from SAM.gov. Each funding notice sets its own requirements.
Reported obligations by fiscal year
Historical data · not a predictionRange and average of financial assistance (from the listing): $1 million each for 20 ILP's with average of $1 million
Source: SAM.gov Assistance Listing 59.062. Hatched bars are agency estimates. These totals do not indicate approval rates.Frequently asked questions
What is ALN 59.062?
59.062 is the Assistance Listing Number for “Intermediary Loan Program.” Assistance Listing Numbers (formerly CFDA numbers) identify federal assistance programs; individual grant opportunities reference the listing they are funded under.
Who can apply under ALN 59.062?
The SAM.gov listing names these applicant types: Small Business Person. Each funding notice under the program sets its own eligibility, so check the specific opportunity.